DURING RAMADAN'S FIRST WEEK, THE DUBAI AND ABU DHABI STOCK EXCHANGES GAINED DH22 BILLION

  • 09/04/2022

The twin bourses of Abu Dhabi and Dubai surged for the second day in a row as investor sentiment improved, boosted by an upbeat economic outlook.

During the first week of Ramadan, the two markets gained a combined Dh22 billion, with the Abu Dhabi Securities Exchange (ADX) surpassing the 10,000-point barrier for the first time amid strong demand for IHC's Apex National Investment, which generated Dh10.1 billion in transactions. 

Dubai's main share index followed suit, advancing 0.74 pct to 3,541.6 pts following 5,251 transactions worth Dh520.5 million. 

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